KUALA LUMPUR: On the back of Wah Seong Corp Bhd's new contract win, Maybank Investment Bank Research is positive over the group's improving prospects and opportunities ahead.
"Valuations are still undemanding (6-8x FY22-23 PER), for the market has yet to fully embrace the strength of the earnings turnaround outlook, especially for its Qatari and Malaysia prospects, which would feature prominently from FY22," it said in a note.
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